Markets

admin September 15, 2018

Legendary investment bank Lehman Brothers was on fire — and no one was coming to put it out. Bank of America refused to rescue the 158-year-old Wall Street firm without support from Uncle Sam. The British government wouldn’t let Barclays (BCS) buy Lehman Brothers and its toxic balance sheet. And Washington decided against another politically […]

admin September 15, 2018

Coal has been knocked down. But it’s not out by a long shot. Even though coal has been in steep decline, it’s still the most-used electricity generation source in 18 US states, according to government statistics published this week. Not even natural gas, a rapidly growing and cleaner burning fuel, leads in that many states. […]

admin September 14, 2018

What’s to blame for the problems at Sears? Amazon? Bad management? CEO and primary shareholder Eddie Lampert has another idea: It’s the company’s own retirees. Sears turned in another bleak quarterly earnings report on Thursday, and Lampert complained about the billions of dollars that Sears owes its former employees through pension plans. Lampert said Sears […]

admin September 14, 2018

Nike is getting just the response it wanted from its Colin Kaepernick ads. Early indications suggest sales are up because of the new “Just Do It” campaign, according to Wedbush analyst Christopher Svezia. The ads, which debuted last week, feature the quarterback among other athletes. Kaepernick started a movement among NFL players by kneeling during […]

admin September 14, 2018

Click chart for more in-depth data/ 1. The rise of Nio: Electric car company Nio (NIO) appears to be headed for another banner day on Friday. The Shanghai-based rival to Tesla (TSLA) jumped a staggering 76% in New York on Thursday. At one point in the day, the stock was up 92%. Futures pointed to […]

admin September 14, 2018

How can I get the benefit of real estate investments without becoming a landlord? Real estate remains a strong investment, even with prices slowing. But owning property can be a hassle. A huge amount of capital gets tied up in a handful of properties. And you have to deal with the logistics of holding and […]

admin September 13, 2018

US companies in China say they are already feeling the pain from the trade war. In a survey by two American chambers of commerce in China, nearly two-thirds of US firms who responded said the waves of new tariffs have harmed their business. The United States and China have so far slapped tariffs of 25% […]

admin September 13, 2018

Jeff Bezos has revealed how he plans to donate part of his fortune. The Amazon CEO and his wife, MacKenzie, will commit $2 billion to fund existing nonprofits that help homeless families and to create a network of preschools in low-income communities. They call their project the “Bezos Day One Fund.” Bezos tweeted a statement […]

admin September 13, 2018

“What was Nike thinking?” President Donald Trump said on Twitter last week about Nike’s new ad featuring Colin Kaepernick. A new poll may provide an answer. Nike’s decision to make the former San Francisco 49ers’ quarterback a centerpiece of its 30th anniversary “Just Do It” campaign was a shrewd investment in its core customers: Younger […]

admin September 13, 2018

Tim Armstrong is out as CEO of Oath, Verizon’s collection of digital media properties. K. Guru Gowrappan, who has been president and chief operating officer of Oath since April, will take over as CEO on October 1. Armstrong will stay on as an adviser until the end of the year. Oath’s brands include AOL, Yahoo […]